New QE Not the Old QE?
In 2016 Dan Oliver said the December 2015 low for gold was the low. He’s erudite and doesn’t read (to me at least) like a typical Gold-Bug hustler so I read him whenever I can.
Peruse this and see if it makes sense to you because it did to me. Of course that doesn’t mean we won’t see gold at $1,450 before a “moon shot”.
https://goldtadise.com/wp-content/uploads/2020/03/Myrmikan-Research-Pop-goes-the-Bubble-03-12-20.pdf
It also doesn’t mean we won’t see a GSR or 150 or 160 or even higher in time.
That being said, GSR is due to at least go sideways for a month or two and might even bounce significantly higher starting next week.